Business & Economics

ALIBABA INJECTS $488 MILLION HEALTH FOOD ASSETS INTO ALI HEALTH

HONG KONG (TIP): Alibaba Health Information Technology Ltd said on Friday controlling shareholder Alibaba Group Holding Ltd would sell HK$3.8 billion ($488.3 million) worth of health food and nutritional products businesses to the company, further developing it into Alibaba’s healthcare flagship […]

Business & Economics

PAYTM GETS RS 9,079 CRORE IN ITS WALLET FROM SOFTBANK

TO INTRODUCE NEW FINANCIAL PRODUCTS 􀂄 The funding will help Paytm expand its soon-to-be launched payments bank operations as well as grow its user base and introduce more financial products for consumers 􀂄 SoftBank has committed investments […]

Business & Economics

Paytm to levy 2% fee on top up with credit cards

NEW DELHI (TIP): Paytm users will now have to pay a 2% fee for adding money to their wallets using credit cards. The move by the Alibaba-backed company came after it found multiple users using […]

Business & Economics

Snapdeal, Truecaller tie up for better shopping experience

NEW DELHI (TIP): Online marketplace Snapdeal, which is also the third largest e-commerce company of India, said on Thursday that it has partnered with Truecaller to enhance consumer experience by integrating Truecaller Priority in the […]

Business & Economics

FOREIGN FIRMS RUSH TO INDIA’S ONLINE MARKETPLACE

NEW DELHI (TIP): India‘s booming online marketplace business has attracted a new wave of merchants and sellers from countries such as China, South Korea, Japan, Singapore and the US. In fact, thousands of sellers are […]

Business & Economics

Alibaba to invest $1.25 bn in Chinese online food delivery service

SHANGHAI (TIP): Alibaba Group Holding Ltd has agreed to invest $1.25 billion in Chinese online food delivery service Ele.me, leading business weekly Caixin reported on Friday. The report, citing unidentified sources, said Alibaba will obtain a 27.7% stake in […]

Business & Economics

Alibaba.com says India one of its fastest-growing markets | SMILE

New Delhi: Alibaba Group’s wholesale trading platform Alibaba.com said on Monday, December 7, that India is one of its fastest-growing markets with about 4.5 million registered users. The Chinese e-commerce giant  is taking the Indian market […]

Business & Economics

World’s biggest online shopping day nets over $14 billion

SHANGHAI (TIP): E-commerce giant Alibaba said that Chinese and international consumers spent more than $14 billion in the world’s biggest online shopping day, as it sought to soothe worries over China’s slowing economy. The November […]

Business & Economics

China now has more billionaires than US

BEIJING (TIP): Communist China has overtaken capitalist United States in the richie rich list with 596 billionaires to America’s 537. The stunning jump has taken place in the last one year — spurred by the […]

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Europe

After jokes, applause at dinner, China’s Xi Jinping gets down to US business

SEATTLE (TIP): A day after wooing Seattle’s elite with pop-culture jokes and promises of reform, Chinese President Xi Jinping gets down to business on Wednesday, meeting Apple Inc’s Tim Cook and other top tech executives. […]

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Business & Economics

‘ALIBABA FOUNDER JACK MA BIGGEST BILLIONAIRE GAINER OF 2014’

NEW DELHI (TIP): Alibaba founder and executive chairman Jack Ma is this year’s biggest financial gainer as the billionaire entrepreneur’s fortune has swelled by a whopping USD 18.5 billion this year to USD 29.2 billion, […]